Metropolis Secures $1.6B for AI Expansion

Metropolis Technologies, renowned for AI-powered parking lots, secures $1.6 billion in funding to expand into retail, restaurants, and gas stations. The company, valued at $5 billion, aims to deploy recognition and payment automation technology, envisioning a Recognition Economy where customer presence triggers transactions.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.